Beware, unlicensed investment channels: In a refreshing break from the Old Rent Law, the nation’s talking heads shifted their attention to the Financial Regulatory Authority’s latest statement warning people against unlicensed investment schemes. Masa’a DMC interviewed FRA Head Mohamed Farid (watch, runtime: 11:39), who explained that there are only three licensed gold investment funds on the market with combined investments exceeding EGP 2.1 bn and over 200k investors. Farid said the numbers reflect growing public trust in regulated investment channels.

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AND- El Sisi calls for tighter fiscal-monetary coordination. DMC’s Al Youm covered President Abdel Fattah El Sisi’s meeting yesterday with Prime Minister Moustafa Madbouly, Central Bank Governor Hassan Abdalla, and Finance Minister Ahmed Kouchouk (watch, runtime: 1:13). During the meeting, El Sisi stressed the importance of aligning fiscal and monetary policies together and with the state’s economic vision, boosting FX reserves, and covering development financing needs — while sustainably lowering public and external debt levels.

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